7:08 AM, 5th April 2011, About 13 years ago 2
About a year ago Mark Alexander predicted that Equity Release mortgage providers would enter the buy to let lending business. With most traditional lenders insisting that buy to let mortgages are repaid at age 75, it looked as though the only real choice for borrowers with an interest only mortgage was going to be to sell their properties when they reached a certain age. This could well trigger unwanted capital gains tax. However, this is no longer the case as Equity Release now provides an alternative exit opportunity.
Mark Alexander, founder of property118.com, interviews Jason Howard of Insight Financial Associates to find out more:
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